Jun 19, 2008

Bill Ackman on the bond insurance industry

There's not likely to be a man left standing [in the bond insurance industry.] This thing is over already, the market just doesn't know it yet.

~ Bill Ackman, 42, runs the $6 billion Pershing Square Capital Management hedge fund, "Ackman Foresaw MBIA Drop, Is Short Financial Security," Bloomberg, June 19, 2008, by Christine Richard

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